Building Details

Year Built 1900

Listing Agency: KW Coastal and Lakes & Mountains Realty

Listed By: Marcia Giniusz Show Phone

Source: Carolslocum

Added: Aug 6 Changed: Oct 3 Last Checked: Oct 7 at 1:10PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Coastal and Lakes & Mountains Realty

Investment Insights

Based on property information with market context.

Built in 1900, this 2,610-square-foot multifamily property contains two residential units. One unit has two bedrooms, a private entrance, a spacious kitchen with a dishwasher, and newer kitchen flooring. The second unit includes seven bedrooms, renovated bathrooms, and all bedrooms are leased. The property is offered in as-is condition.

Located in Dover, the property is described as centrally positioned and within a short walk of downtown. The two-unit configuration provides separate residential spaces, with the larger unit offering seven bedrooms and established leasing across those rooms. The property may also accommodate an owner-occupant arrangement, as stated in the property information.

Key Highlights

• 2,610 SF multifamily property built in 1900
• Two‑unit layout with one two‑bedroom unit and one seven‑bedroom unit
• Seven‑bedroom unit has all bedrooms leased

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,495

Cap Rate

4.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$529,900 $529.9K

Cap Rate 7%

$378,500 $378.5K

Cap Rate 9%

$294,389 $294.4K

Market Conditions

NOI Build-Up for 2,610 SF

Gross rent

$39.2K $15.00/SF

− Vacancy

−$1.3K −$0.50/SF

EGI

$37.9K $14.50/SF

− OpEx

−$11.4K −$4.35/SF

NOI

$26.5K $10.15/SF

Area

Strafford County, NH

Vacancy

3.32%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$529,900

Cap Rate 7%

$378,500

Cap Rate 9%

$294,389

Alternative Uses

Best Use

Multifamily LT 5

$378.5K

$331.2K – $441.6K (±1% cap)

NOI $26,495 @ 7.0% cap · market cap 4.82%

Second Best

Apartment 5plus

$349.1K

$305.5K – $407.3K (±1% cap)

NOI $24,436 @ 7.0% cap · market cap 4.44%

Theoretical Best

Office A

$698.3K

$611.0K – $814.6K (±1% cap)

NOI $48,878 @ 7.0% cap · market cap 8.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Storage Facility Locksmith (Bike/Boat/Book/etc) Store Garden Center Home Appliance Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,491

Businesses Nearby

Explore this area Business Placement

Demographics for 03820, NH

32,800

Population

15,460

Households

2.1

Avg Household Size

38

Median Age

49%

College-Educated

96%

High-School Grad

27.3 sq mi

ZIP Area

1,201

Density / Sq Mi

$92,793

Median Household Income

$53,890

Median Earnings

$1,540

Median Rent

$397,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Two-unit residential income property with updated kitchen flooring, private entry, and access to downtown Dover.

Where is this multifamily property located?

The property is located at 28 Fifth St Dover, NH.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: 2,610 SF multifamily property built in 1900; Two‑unit layout with one two‑bedroom unit and one seven‑bedroom unit; Seven‑bedroom unit has all bedrooms leased